|
The CHFJPY attempts to activate the bullish trend– Forecast today – 8-5-2026
The CHFJPY resisted the last negative pressure by providing several closes above 200.40 level, which forms a key support level against the attempts of confirming the trend, to begin forming bullish waves, to settle near 201.20 level.
Providing positive momentum by stochastic will increase the efficiency of the bullish trend, to expect attacking 201.65 level, and surpassing it will confirm the bullish attempts by its rally towards 202.20 and 202.80.
The expected trading range for today is between 200.50 and 201.65
Trend forecast: Bullish
The EURJPY repeats the negative closes– Forecast today – 8-5-2026
Despite the neediness of the negative momentum by EURJPY pair in the last trading, its stability below 185.45 barrier confirms its surrender to the bearish bias, fluctuating near 184.10, attempting to gather extra negative momentum.
MoreThe GBPJPY is without any news– Forecast today – 8-5-2026
The GBPJPY pair settles in sideways range near 212.80 level, affected by the contradiction of the main indicators, to delay activating the previously suggested negative trend.
MorePlatinum price is awaiting a breakout – Forecast today – 8-5-2026
Platinum price touched the 2097.00 level during yesterday’s trading before declining again below the key resistance at 2075.00$, leading to mixed trading as it currently fluctuates around $2055.00.
More